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Bellevue Real Estate What Were The Odds of Selling Your Seattle-Eastside Home in May, 2010? The odds of selling a home on the Eastside in May, 2010 ranged from a low of 12% to a high of 20%, with an average 16.5% absorption rate.  Contrast this with April, 2010 odds with a low of 20% to a high of 35%, averaging a 27% absorption rate. May’s numbers look more like […]
For Buyers Do You Want to List Your Home or Get It Sold? “Can I start out pricing my home higher and then come down in price?” This is one of the most common questions I get asked by people planning to sell their home. Statistics from March Seattle-eastside home sales show a home will sell faster and for a better price if priced correctly to start.  Overpricing […]
Bellevue Real Estate There's No Green on The Seattle-Eastside Real Estate Map April, 2010 What do the numbers on the map mean? The map is divided into the numbered areas as defined by our Northwest Multiple Listing Service (NWMLS).  Downtown Bellevue is area 520 and East Bellevue is area 530, as an example. What do the colors mean? Red means it’s a sellers’ market, a sellers’ advantage. Yellow means […]
Bellevue Real Estate Seattle-Eastside Real Estate is Beginning to Turn Red Seattle-eastside real estate is starting to see “red.”  Red is a sellers’ market, which means the average market time to sell a Seattle eastside home in the areas marked in red is from 3-6 months. I sell a lot homes in the “hottest Seattle eastside area, which we call area 530, East Bellevue and the […]
For Buyers King County WA has 3000 More Properties For Sale King County has a lot more properties for sale than the first week of the year.  The first quarter of 2010 has passed and there are now 24% more homes and condos for sale, exactly 3000 more.  Each week of the year has seen an increase in the number of properties for sale with the […]
Bellevue Real Estate What Were The Odds of Selling Your Seattle-Eastside Home in Feb, 2010? The odds of selling a home on the Eastside in February, 2010 ranged from a low of 16.5% to a high of 29%, with an average 22% absorption rate. (The absorption rate is the number of homes for sale in any given month divided by the actual number of homes sold that month.) February, 2010        2706 homes for sale      599  […]
Bellevue Real Estate What Were The Odds of Selling Your Seattle-Eastside Condo in January, 2010? (The absorption rate, the percentage of condos selling, is the number of condos for sale in any given month divided by the actual number of condos sold that month.  So if the absorption rate or chance of selling is 10% that means out of 100 condos for sale, 10 received offers and sold.) January, 2010               1217 condos for sale,    […]
Bellevue Real Estate What Were The Odds of Selling Your Seattle-Eastside Home in January, 2010? The odds of selling a home on the Eastside in January, 2010 ranged from a low of 12% to a high of 28%, with an average 21% absorption rate. (The absorption rate is the number of homes for sale in any given month divided by the actual number of homes sold that month.) January, 2010         2588 homes for sale,      539 […]
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For Buyers Predictions for 2010 Seattle Real Estate From Local Economist The first part of 2010 is going to be the best part of the year for Seattle area real estate. This was the message over 2000 Windermere Real Estate agents heard at last week’s kick off meeting held at Seattle’s Benaroya Hall.    The good news, according to economist Matthew Gardner, is “the recession is behind […]
2009 stimulus package What Were The Odds of Selling Your Seattle-Eastside Condo in December, 2009? (The absorption rate, the percentage of condos selling, is the number of condos for sale in any given month divided by the actual number of condos sold that month.  So if the absorption rate or chance of selling is 10% that means out of 100 condos for sale, 10 received offers and sold.) December. 2009           1174 condos for sale,    […]
2009 stimulus package 2009 Ends With a More Balanced Real Estate Market Around Seattle December, 2009 Seattle real estate finished the year off on a more positive note.  With so much of the Seattle area real estate market showing “yellow,”  there was a solid return to a real estate market more evenly balanced between buyers and sellers.  This is more like the real estate market we saw in the […]
Bellevue Real Estate What Were The Odds of Selling Your Seattle-Eastside Home in December, 2009? The odds of selling a home on the Eastside in December 2009 ranged from a low of 11% to a high of 20%, with an average 16% absorption rate. (The absorption rate is the number of homes for sale in any given month divided by the actual number of homes sold that month.) December, 2009     2584 homes for sale,     419 […]
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